Virtu Financial LLC Makes New $201,000 Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

Virtu Financial LLC bought a new stake in Tripadvisor, Inc. (NASDAQ:TRIP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,894 shares of the travel company’s stock, valued at approximately $201,000.

A number of other institutional investors have also made changes to their positions in TRIP. U S Global Investors Inc. increased its position in Tripadvisor by 71.8% in the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after acquiring an additional 632,353 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Tripadvisor by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after purchasing an additional 55,115 shares in the last quarter. Victory Capital Management Inc. raised its position in Tripadvisor by 214.8% in the 2nd quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock worth $3,138,000 after purchasing an additional 120,209 shares during the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in Tripadvisor during the 3rd quarter worth $5,159,000. Finally, Wittenberg Investment Management Inc. bought a new stake in Tripadvisor during the 3rd quarter worth about $1,087,000. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TRIP has been the topic of several recent research reports. Cantor Fitzgerald reduced their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. StockNews.com cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. UBS Group dropped their target price on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Wedbush reissued a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. Finally, Truist Financial decreased their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tripadvisor currently has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Price Performance

NASDAQ TRIP opened at $12.95 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 56.31, a PEG ratio of 9.35 and a beta of 1.36. The business has a 50 day simple moving average of $14.67 and a 200 day simple moving average of $15.52. Tripadvisor, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Analysts anticipate that Tripadvisor, Inc. will post 0.37 earnings per share for the current fiscal year.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.